Spot uranium is $91, which is the price Cameco based their 2024 projections on, in the most-recent MD&A.
If Cameco actually IS over a barrel, with respect to being over-committed beyond what they can produce, they'd be in the spot market right now, picking up the 2-10 million pound that various pundits have claimed Cameco will be short.
The fact that Cameco is not buying suggests those pundits are exaggerating, and that Cameco told it straight, in the latest MD&A, when Cameco said it was not a significant problem.